VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,289,773 shares, a growth of 128.9% from the July 30th total of 563,367 shares. Based on an average daily volume of 992,402 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $26,000. Caldwell Trust Co increased its stake in VanEck Fallen Angel High Yield Bond ETF by 306.3% in the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after purchasing an additional 775 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at about $49,000. Compass Financial Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $82,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth about $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2%

ANGL traded down $0.07 during trading on Friday, hitting $29.03. The company’s stock had a trading volume of 745,773 shares, compared to its average volume of 865,337. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $28.35 and a twelve month high of $29.77. The stock’s fifty day moving average price is $29.04 and its 200-day moving average price is $29.10. The firm has a market capitalization of $3.06 billion, a P/E ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a dividend of $0.1684 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 7.0%.

About VanEck Fallen Angel High Yield Bond ETF

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.